A Factor of Production Whose Quantity Cannot Be Changed During

question 209

Multiple Choice

A factor of production whose quantity cannot be changed during the short run is:

• A)a marginal factor of production.
• B)a fixed factor of production.
• C)an incremental factor of production.
• D)a variable factor of production.

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Definitions:

Additional Contributions

Extra payments beyond the minimum required, often referring to retirement accounts or other savings plans.

Cash Distribution

The payment of earnings or assets from a corporation or a financial entity to its shareholders, investors, or partners.

Partnership Income

Earnings distributed to the partners of a partnership from the business, which is reported on their personal income tax returns.

Basis

The amount paid for an asset or investment, used to calculate gain or loss for tax purposes.